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The economics behind hosting the World Cup

The economics behind hosting the World Cup

Tom Rood With the conclusion of the 2022 World Cup in Qatar, economists have taken interest into understanding the economics behind hosting arguably the most prestigious sporting tournament. In July 2008, the General Secretariat for Development Planning in the state of Qatar came up with a great economic ambition known

What would happen if we banned billionaires?

What would happen if we banned billionaires?

Saahat Satyam The philosopher John Rawls posed the idea that we should all imagine that we sit behind a veil of ignorance. Behind this veil of ignorance, we are oblivious to who we are, our class, education, privileges, financial position and so on. We exist as an impartial body tasked

Is tax theft?

Is tax theft?

Gauri Khanna ‘Individuals have rights, and there are things no person or group may do to them (without violating their rights)’. In the opening line of Anarchy, State and Utopia, Robert Nozick lays the foundation for the libertarian assertion that no state more extensive than the minimal one can be

Les Misérables - Victor Hugo’s revolutions and digressions

Les Misérables - Victor Hugo’s revolutions and digressions

Stanley Hardy About one thousand pages into Les Misérables, Victor Hugo disrupts the main narrative to ask a question: ‘What constitutes an emeute, a riot?’ He then proceeds to answer that question: ‘Nothing and everything. An electricity gradually released, a flame suddenly leaping forth, a drifting force, a passing wind.

Do the positives of democracy outweigh the negatives?

Do the positives of democracy outweigh the negatives?

Marcus Jamnadas-Khoda Democracy dates back thousands of years. Believed to have begun in the city-state of Athens by Cleisthenes, [1] it originally comes from two Greek words: the word ‘demos’ meaning people, and the word ‘kratos’ meaning power. Therefore, democracy can be thought of as ‘power to the people’ – a

Do we still live in a time of political populism?

Do we still live in a time of political populism?

Anika Khanna What happens when people feel their voices are not being heard by the political and economic elites? The answer, it seems, is political populism. In recent years, we have seen a growing number of political movements that claim to represent the interests of regular people against the established

What is the Euro’s most fundamental problem?

What is the Euro’s most fundamental problem?

Jack Downey The Euro was established in 1999, with 11 countries adopting the single currency. Now, the Euro is the currency of 20 European Union states known as the Eurozone. Superficially, the increased membership of the Eurozone suggests that the single currency has been successful. However, the Eurozone continues to